if we are able to raise wages across the board, particularly for low-wage and middle-skill workers, we are simply going to have more people spending more money.
Seth Harris: “if we are able to raise wages across the board, particularly for low-wage and middle-skill workers, we are simply going…”
Editor's note · Context
Harris discusses the positive impact of raising wages on economic growth.
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The President's fiscal year 2014 budget proposal invests in the things we need to grow our economy, create jobs, and strengthen the middle class while further reducing the deficit in a balanced way.
More must be done to protect the economic security of working families when illness strikes.
What Congress can do is to not just acknowledge that is true but to respond by ensuring that workers can transition into good-quality jobs as seamlessly and at low cost as possible to them.
It is possible--and, in fact, imperative--that we make these investments at the same time that we allocate resources responsibly and make tough choices to live within our means.